The EURUSD seems to have made an interim top around 1.1514 levels yesterday. We have been expecting a pullback since the short term charts looked stretched after the pair hit 1.1500 levels. Looking at a lower degree count, an impulse might be complete between 1.1289 and 1.1514 levels and a counter trend drop could be underway. Please note that the potential targets could be close to 1.1400/20 or even further lower towards 1.1370 levels respectively. The larger degree count remains unchanged with Wave (C) within the expanded flat underway towards 1.1800/20 levels. If the above structure need to hold, prices should ideally stay above 1.1289 levels going forward. Overall structure remains bullish with interim pullbacks underway.
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Disclaimer:
This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.